The Nokia Corp. (NOK) Rating Reiterated by Morgan Stanley

The Nokia Corp. (NOK) Rating Reiterated by Morgan Stanley

Nokia Corp. (NYSE:NOK)‘s stock had its “neutral” rating restated by research analysts at Morgan Stanley in a report issued on Monday.

Several other brokerages have also recently weighed in on NOK. BMO Capital Markets restated an “outperform” rating and issued a $7.00 price objective on shares of Nokia Corp. in a report on Wednesday, August 10th. Vetr cut Nokia Corp. from a “buy” rating to a “sell” rating and set a $5.66 price objective for the company. in a report on Wednesday, July 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $8.00 price objective on shares of Nokia Corp. in a report on Tuesday, August 16th. Canaccord Genuity restated a “buy” rating and issued a $7.00 price objective on shares of Nokia Corp. in a report on Monday, September 19th. Finally, Goldman Sachs Group Inc. upgraded Nokia Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $5.54 to $5.60 in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.06.

Nokia Corp. (NYSE:NOK) opened at 5.39 on Monday. Nokia Corp. has a 52 week low of $5.01 and a 52 week high of $7.63. The firm has a 50-day moving average price of $5.66 and a 200-day moving average price of $5.67. The stock has a market cap of $31.11 billion, a P/E ratio of 29.78 and a beta of 1.47.

Nokia Corp. (NYSE:NOK) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company earned $5.58 billion during the quarter, compared to the consensus estimate of $5.80 billion. Nokia Corp. had a net margin of 4.13% and a return on equity of 7.60%. Nokia Corp.’s revenue was up 91.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities research analysts predict that Nokia Corp. will post $0.20 EPS for the current year.

Several large investors have recently added to or reduced their stakes in NOK. Prospera Financial Services Inc acquired a new stake in Nokia Corp. during the second quarter worth $101,000. National Asset Management Inc. acquired a new stake in Nokia Corp. during the second quarter worth $113,000. Advisor Group Inc. acquired a new stake in Nokia Corp. during the second quarter worth $127,000. Eqis Capital Management Inc. increased its stake in Nokia Corp. by 1.2% in the second quarter. Eqis Capital Management Inc. now owns 23,380 shares of the technology company’s stock worth $133,000 after buying an additional 267 shares during the last quarter. Finally, Regentatlantic Capital LLC increased its stake in Nokia Corp. by 96.8% in the second quarter. Regentatlantic Capital LLC now owns 23,522 shares of the technology company’s stock worth $134,000 after buying an additional 11,570 shares during the last quarter. Institutional investors own 4.28% of the company’s stock.

About Nokia Corp.

Related posts

Leave a Comment